This chemical is widely used in the formulation of adhesives and coatings due to its excellent film-forming properties and adhesive strength. It is particularly effective in creating durable, flexible films that adhere well to various surfaces, making it suitable for use in paints, varnishes, and protective coatings. Additionally, it is utilized in the production of pressure-sensitive adhesives, where it provides a balance of tackiness and cohesion. In the pharmaceutical industry, it serves as a binder or film-coating agent for tablets, ensuring controlled drug release and stability. Its compatibility with other polymers and additives also makes it a valuable component in cosmetic formulations, such as hair sprays and skin creams, where it enhances texture and performance.